New report reveals how much money you need to be wealthy in Houston

HOUSTON, Texas -- Take a stroll through areas such as River Oaks, Memorial, The Woodlands, Sugar Land, or West University - named one of the richest neighborhoods in America - and one thing becomes clear: the Houston area is home to vast wealth.

But just what is required to be considered wealthy here? A new report reveals the exact figure Houstonians believe it takes to be rich or financially comfortable.

Houston residents say it takes a net worth of $2.5 million to be considered wealthy and $1.5 million to feel financially comfortable, according to data released by Schwab's Modern Wealth Index.

Both numbers are slightly above the respective national averages of $2.4 million and $1.4 million - and also just ahead of the amounts that Dallas residents reported: it takes $2.4 million to be wealthy in Dallas and $1.3 million to feel financially comfortable.